• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Coinbase has added the SEAM token, powered by a Layer 2 Base network, to its list of trading assets

Coinbase has added the SEAM token, powered by a Layer 2 Base network, to its list of trading assets

user avatar

by Max Nevskyi

2 years ago


Coinbase has now added SEAM token to its list of available assets, which represents a tool for managing a decentralized lending and borrowing platform known as the Seamless Protocol, immediately after its launch.

SEAM becomes the first and only Base-based project token registered on Coinbase. The crypto asset also becomes the "first governance token to be distributed fairly based on participation of each user in the ecosystem through personal points and exclusive NFTs. stated a representative of the Seamless Protocol.

In addition to adding the SEAM token to its asset list on the day of its launch, Coinbase also added the gaming token Big Time and the liquid staking protocol token Jito based on Solana. This led to a significant increase in the prices of both tokens.

Seamless Protocol was launched in September and is a fork of Aave v3, a popular DeFi lending protocol on Ethereum. The protocol is built on a Layer 2 Ethereum network incubated by Coinbase. It was developed through the collaborative efforts of participants and consultants from companies such as Coinbase, Uniswap, CertiK, and Seashell.

The project team did not conduct a sale of SEAM tokens, stating:

SEAM participates in voting in the Base governance time-lock contract, making it unique among other tokens typically used on the Base platform as extensions...

According to DefiLlama data, Seamless Protocol currently ranks eighth among applications on the Base platform by total locked value, which is approximately $7.5 million.

The total supply of SEAM tokens is 100 million, with 69% allocated to the community, and the rest will be used to support the ecosystem.

Over 5000 Seamless users were eligible to participate in the distribution, which took place on December 8th. These users became early supporters of the protocol, earning OG Points and completing community quests hosted on platforms such as Galxe and other platforms.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk

Explore Potential Altcoins: BlockDAG, Chainlink, XRP, and Cardano

chest

Overview of BlockDAG, Chainlink, XRP, and Cardano, their features and relevance in the market.

user avatarGiorgi Kostiuk

WLFI Token Prepares for Trading with $16 Billion Market Valuation

chest

The WLFI token, tied to a DeFi initiative, is set to debut on exchanges with a valuation of $16 billion. Negotiations for exchange listings are ongoing.

user avatarGiorgi Kostiuk

Latest News on Pi Network, Binance Coin, and BlockDAG in the Crypto Space

chest

An overview of the current state of Pi Network, Binance Coin, and BlockDAG in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto News: BlockDAG, Mantle, and Ethereum Show Growth

chest

BlockDAG partners with Seattle Seawolves, while price predictions for Mantle and Ethereum turn positive.

user avatarGiorgi Kostiuk

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.